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Veloring Proceeds along New Lines

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MÖNCHENGLADBACH, Germany (12 March) – German IBD co-operative Veloring GmbH & Co. KG and its house bankers Dresdner Bank have agreed for a provisional continuation of activities of the old Veloring organisation. , which got in financial trouble during the past year. As it looks for the moment, Veloring GmbH & Co. KG won’t be […]

MÖNCHENGLADBACH, Germany (12 March) – German IBD co-operative Veloring GmbH & Co. KG and its house bankers Dresdner Bank have agreed for a provisional continuation of activities of the old Veloring organisation. , which got in financial trouble during the past year. As it looks for the moment, Veloring GmbH & Co. KG won’t be liquidated by suspension of payment and subsequent legal ending procedures. At the annual general member meeting last January Veloring MD Ad Roest was voted down on his proposal to raise the membership fee to make ends meet. In consequence, Veloring GmbH & Co. KG was to be closed down, and members were invited to join a new Veloring Dienstleistungsgesellschaft VDG (= Veloring Service Company). In the meantime, velring GmbH stopped its bicycle production and warehousing activities. MD Ad Roest claims that the new VDG is developing very positively, with “a big majority of our old members in Germany having joined the new IBD organization. Veloring (the old Veloring had 450 member IBD’s) . Veloring Benelux BV, a separate Ltd., saw its first members from Belgium join”, according to Roest.(OB)

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